Overview and Scope
Halal cosmetics are beauty and personal care products that adhere to Islamic law and are free of haram ingredients or substances. They are used for the same purposes as other beauty and personal care products.
Sizing and Forecast
The halal cosmetics market size has grown rapidly in recent years. It will grow from $36.8 billion in 2023 to $42.15 billion in 2024 at a compound annual growth rate (CAGR) of 14.5%. The growth in the historic period can be attributed to rising Muslim population, increased awareness of halal practices, cultural and religious sensitivity, globalization and cross-cultural influences, ethical consumerism.
The halal cosmetics market size is expected to see rapid growth in the next few years. It will grow to $72.22 billion in 2028 at a compound annual growth rate (CAGR) of 14.4%. The growth in the forecast period can be attributed to expanding middle-class Muslim consumers, demand for natural and organic products, inclusive marketing strategies, sustainability and eco-friendly practices, global halal certification standards. Major trends in the forecast period include certification and transparency, rise of e-commerce, clean and natural ingredients, innovation in product development, customization and personalization.
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The halal cosmetics market covered in this report is segmented –
1) By Type: Skin Care, Hair Care, Makeup, Others
2) By Distribution Channel: Offline, Online
3) By End User: Men, Women, Unisex
Asia-Pacific was the largest region in the halal cosmetics market in 2023. North America is expected to be the fastest-growing region in the global halal cosmetics market report during the forecast period. The regions covered in the halal cosmetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing Muslim population is expected to propel the growth of the halal cosmetic market going forward. The term “”increase in Muslim population”” refers to an increase in the number of Muslims in a specific region, country, or world. This growth can be due to several factors, including higher birth rates among Muslim families, Muslim immigration from other countries, and conversion to Islam. As the Muslim population grows, there is an increasing demand for halal cosmetics as more Muslim consumers seek products that align with their religious beliefs. For instance, in April 2023, according to Prayer Times, an Indian-based Islamic organization, it is estimated that there will be over 2.01 billion Muslims in the world by 2023. The global Muslim population will reach 2.2 billion by 2030, according to the Pew Research Centre. Therefore, the increasing Muslim population is driving the growth of the halal cosmetics market going forward.
Key Industry Players
Major companies operating in the halal cosmetics market report are INGLOT Cosmetics, J.L. Morison (India) Ltd., Clara International Beauty Group, Prolab Cosmetics, IVY Beauty Corporation, PHB Ethical Beauty Ltd., Amara Beauty, INIKA Organic Australia, Martha Tillar Group, The dUCk Group Sdn Bhd, Honeybee Gardens LLC, IBA Cosmetics, Ecotrail Personal Care Sdn Bhd, Sampure Minerals, Maryaj Perfumes Pvt Ltd., Saaf Skincare, Wardah Cosmetics, OnePure International Group Ltd., Talent Cosmetics, Pure Halal Beauty LLC, Flora & Noor Cosmetics LLC, Mikyajy Kosmetik Sdn Bhd, Muslimah Manufacturing Sdn Bhd, SirehEmas Global Sdn Bhd, Amsons Laboratories Pvt Ltd., The Halal Cosmetics Company Ltd., T’ZIKAL Beauty Sdn Bhd, Amreen Cosmetics Pvt Ltd., Cotarde France, Halal Beauty Cosmetics
The halal cosmetics market report table of contents includes:
1. Executive Summary
2. Halal Cosmetics Market Characteristics
3. Halal Cosmetics Market Trends And Strategies
4. Halal Cosmetics Market – Macro Economic Scenario
5. Global Halal Cosmetics Market Size and Growth
…..
32. Global Halal Cosmetics Market Competitive Benchmarking
33. Global Halal Cosmetics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Halal Cosmetics Market
35. Halal Cosmetics Market Future Outlook and Potential Analysis
36. Appendix
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